Data Breaches Get Personal: Symantec Intelligence Report, 2012

Security breaches where user information becomes publically exposed or stolen – are a serious issue for an organisation. The exposure of customer data can lead to a loss of confidence in the organisation by its users. Even worse, the organisation could find themselves in violation of data privacy laws or on the receiving end of a lawsuit created by its users. According to Symantec’s 2012 Cost of a Data Breach Study conducted by Ponemon Institute, data breaches costs Indian organisations INR 2,105 on an average for each lost or stolen record, with the average total organisational cost of data breach being INR 53.4 million (5.34 crore).

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